Short Interest in Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Decreases By 85.3%

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,738 shares, a decrease of 85.3% from the January 15th total of 18,677 shares. Based on an average daily trading volume, of 87,703 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 87,703 shares, the days-to-cover ratio is currently 0.0 days.

Madison Covered Call & Equity Strategy Fund Stock Up 0.1%

Shares of NYSE:MCN traded up $0.01 on Tuesday, hitting $6.16. 118,171 shares of the company’s stock were exchanged, compared to its average volume of 93,473. Madison Covered Call & Equity Strategy Fund has a 12 month low of $5.16 and a 12 month high of $6.51. The business’s 50 day simple moving average is $6.00 and its two-hundred day simple moving average is $6.08.

Madison Covered Call & Equity Strategy Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.24 dividend on an annualized basis and a yield of 3.9%.

Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund

A number of institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the second quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new position in Madison Covered Call & Equity Strategy Fund in the fourth quarter worth approximately $43,000. Bank of America Corp DE purchased a new position in Madison Covered Call & Equity Strategy Fund during the 2nd quarter worth $48,000. Tactive Advisors LLC bought a new stake in Madison Covered Call & Equity Strategy Fund during the 3rd quarter valued at $71,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter worth $87,000.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end management investment company designed to provide investors with total return through a blend of current income and capital appreciation. Listed on the New York Stock Exchange, the Fund pursues its objective by investing primarily in equity securities of U.S. companies and employing an options overlay to enhance income generation.

The Fund’s investment approach centers on fundamental analysis to identify large- and mid-cap stocks with attractive risk/return profiles.